SMK Corporation (TSE:6798) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.08% of the outstanding shares for ¥500 million. The purpose of the program is enhance shareholder returns and improve capital efficiency. The program will run until November 30, 2021. As of July 31, 2021, the company had 6,491,199 shares outstanding and 1,008,801 shares in treasury.